From January to April, the output value of industrial enterprises above designated size in the Qinzhou Port area of the China (Guangxi) Pilot Free Trade Zone reached 38.33 billion yuan ($5.75 billion), an increase of 47.2 percent.

The industrial enterprise above designated size refers to company with annual turnover of over 20 million yuan.

This year, the Qinzhou Port area has promoted 13 major industrial projects that have an investment exceeding 10 billion yuan, covering a total investment of 240 billion yuan.

This year, the Qinzhou Port area implemented strict COVID-19 pandemic prevention and control measures, guiding enterprises to enact closed-loop management in terms of information, quarantine, and commuting to ensure the smooth supply of raw materials, product transportation, and employees returning to work.

In this period, the fixed asset investment in the Qinzhou Port area was 8.18 billion yuan, an increase of 17.2 percent. Guangxi Huayi New Materials' propylene and downstream deep processing project, which has an annual output of 750,000 metric tons, completed an investment of 1.85 billion yuan from January to April.

In addition, the sales of wholesale commodities above designated-size reached 31.01 billion yuan in that period, up 58 percent, while the foreign trade import and export is expected to reach 14 billion yuan, an increase of 180 percent.

From January to April, 5,680 new enterprises were established in the Qinzhou Port area of the Guangxi FTZ, an increase of 114.7 percent. To date, 13 foreign-funded enterprises have been registered.

Qinzhou Port. [Photo/WeChat account: gh_df8bc987e060]